Barclays Bank PLC Notice of Redemption
Barclays Bank PLC has today issued a notice of redemption to the Paying Agent, the Depositary and the Holders of the below
mentioned Securities. The below is an exact copy of the contents of the letter as distributed:
Notice of Redemption: Barclays Bank PLC 6.625% Non-Cumulative Callable Dollar Preference Shares, Series 2, represented by
American Depositary Shares, Series 2
This notice (the “Redemption Notice”) is in relation to Barclays Bank PLC’s (the “Company”) $750,000,000 6.625% Non-Cumulative Callable Dollar Preference Shares, Series 2 (ISIN: US06739F3828) (the
“Preference Shares”), represented by American Depositary Shares, Series 2 (CUSIP: 067 39F390, ISIN:
US06739F3901) issued on April 25 and April 28, 2006 (the “ADSs” and, collectively with the Preference
Shares, the “Securities”).
The Securities were issued pursuant to the Agency Agreement, dated April 25, 2006 (the “Agency
Agreement”), between the Company and The Bank of New York Mellon, London office, as Principal Paying Agent, Paying Agent and
Registrar (the “Paying Agent”) and pursuant to the Deposit Agreement, dated April 25, 2006 (the
“Deposit Agreement”), among the Company, The Bank of New York Mellon, as Depositary and all Holders
(as such term is defined in the Deposit Agreement) from time to time of the American Depositary Receipts issued thereunder (the
“Holders”), and pursuant to the prospectus dated September 21, 2005 and the prospectus supplement,
dated April 20, 2006. Capitalized terms used herein and not defined herein shall have the respective meanings ascribed to such
terms in the Agency Agreement.
The Company hereby notifies the Paying Agent, the Depositary and the Holders of the Securities that it elects to redeem the
Securities pursuant to Section 6 of the Agency Agreement. Accordingly, the Company hereby requests that the Paying Agent provide
this Redemption Notice to all Holders of the Securities.
Pursuant to the Conditions and the Articles, the Company hereby provides the following information in connection with such
redemption:
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Redemption Date:
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September 15, 2016 |
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Series of Preference
Shares to be Redeemed:
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The Company’s $750,000,000 6.625% Non-Cumulative Callable Dollar Preference Shares,
Series 2 (ISIN: US06739F3828), evidenced in the form of American Depositary Shares, Series 2 (CUSIP: 067 39F390, ISIN:
US06739F3901) issued on April 25 and April 28, 2006 |
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Redemption Price:
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$25.00 per Security plus $0.4140625 in accrued but unpaid dividends per
Security |
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Location Where Holders
May Surrender Documents
of Title and Obtain Payment
of the Redemption Price:
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The Bank of New York Mellon
One Canada Square
London E14 5AL
United Kingdom
Attn: Corporate Trust Administration
Email: corpsov2@bnymellon.com
Fax: +44 (0) 20 7964 2536
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Notice Regarding Cessation
of Dividends:
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Dividends will cease to accrue upon redemption of the Securities, which will take
place on September 15, 2016 |
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No defect in this Redemption Notice or in the giving of notice will affect the validity of the redemption proceedings.
By 12:00 noon, London time, on the Redemption Date, the Company will irrevocably deposit with the Paying Agent funds sufficient
to pay the Redemption Price, including the amount of accrued and unpaid dividends for each Security, and will also give the Paying
Agent irrevocable instructions and authority to pay the Redemption Price to the Holders of the Securities.
When the Company makes the deposit referred to in the preceding paragraph, all rights of Holders of the Securities will cease,
except the Holders’ rights to receive the Redemption Price, but without interest, and the Securities will no longer be
outstanding.
In the event that any date on which a redemption payment on the Securities is to be made is not a Business Day, then payment of
the Redemption Price payable on that date will be made on the next Business Day. There will be no interest or other payment due to
the delay. If payment of the Redemption Price is improperly withheld or refused, then, subject to all restrictions on the payment
of dividends currently applicable to the Securities (including the discretion of the Company with respect to payments), dividends
on the Securities will continue to accrue at the then applicable rate, from the Redemption Date to the date of payment of the
Redemption Price.
Should the Paying Agent or any Holder of the Securities have any inquiries, please contact:
Barclays Treasury
Barclays PLC
1 Churchill Place
London E14 5HP
United Kingdom
011-44-20-7116-1000
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For and on behalf of Barclays Bank PLC:
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/signature/
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Name:
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Title:
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Analyst and Investor Information
Further information for analysts and investors can be obtained from the following contacts at Barclays:
Investor Relations
Lisa Bartrip, +44 (0) 20 7773 0708
or
Barclays Treasury
Miray Muminoglu, +44 (0) 20 7773 8199
or
Tim Allen, +44 (0) 20 3134 6290
or
Media Relations
Mark Lane, +1 212-412-1413
View source version on businesswire.com: http://www.businesswire.com/news/home/20160812005733/en/